The India Particle Board Market size is estimated at USD 0.64 billion in 2024, and is expected to reach USD 1.14 billion by 2029, growing at a CAGR of 12.15% during the forecast period (2024-2029).
The COVID-19 situation in the country adversely affected the manufacturing companies' business operations by the interruption in production, supply chain disruption, unavailability of personnel, closure/lockdown of production facilities, raw material availability, etc. The market saw positive growth in 2021 due to the growing construction industry and is expected to see growth in demand for particle boards in various applications in the coming years.
The Indian particle board market is partially consolidated due to the presence of different players in different states. The top companies include Associate Decor Ltd., Shirdi Industries Ltd. (ASIS India), Century Prowud, Archidply Decor Ltd., and Greenland Particle Boards Pvt Ltd. (not in any particular order).
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